EarningsQ2 2026 Earnings Report
MX:ALSEA Q2 2026 EPS Results
Actual EPS$0.67
Consensus EPS$0.81
Beat/MissMissed by -$0.14
One Year Ago EPS$1.30
MX:ALSEA Q2 2026 Revenue Results
Actual Revenue$21.09B
Expected Revenue$21.47B
Beat/MissMissed by -$379.31M
YoY Revenue Growth-1.78%
Earnings Announcement Details
QuarterQ2 2026
Date07/20/2026
TimeAfter Close
Conference CallMonday, July 20, 2026
MX:ALSEA Upcoming Earnings
Alsea SAB de CV's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:ALSEA Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a cautious but resilient tone. Results showed notable operational strengths—digital and loyalty growth, positive same-store sales, strong performance in Domino’s and full-service restaurants, disciplined capex and improved net-debt metrics, and ESG progress. However, material near-term headwinds included a slight decline in reported sales, a 6.2% EBITDA fall with a 70bp margin contraction, a 48% drop in net income driven by FX swings, and a downward revision to 2026 guidance to low single-digit growth. Management emphasized sequential recovery through the quarter, cost/productivity initiatives, and maintaining the long-term investment framework. Overall, positives and negatives are roughly balanced, with management focused on execution and cash generation to navigate the current environment.Company Guidance
Digital and Loyalty Momentum
Loyalty sales increased 8% to MXN 5.5 billion, representing 24.3 million orders and 27.9% of total sales. The company served 34.7 million digital orders totaling MXN 8.0 billion (40.7% of total sales) and surpassed 8.4 million active loyalty users—strengthening digital engagement and high-margin sales channels.
Same-Store Sales Growth
Consolidated same-store sales grew 2.6% year-over-year, indicating underlying demand resilience across the portfolio despite a challenging quarter.
Solid Brand and Segment Performers
Domino's Pizza Alsea same-store sales rose 2.7% (Mexico +3%, Spain +1.6%, Colombia +6.9%). Full-service restaurants delivered 3.6% same-store sales growth (Mexico FSR +5.4%, Chili's with double-digit June growth). Starbucks Alsea same-store sales rose 0.6% and Starbucks Europe +2.2% (double-digit growth in Netherlands and Belgium).
Disciplined Capital Allocation and CapEx Focus
CapEx for first six months totaled MXN 1.8 billion (78% store development, 22% digitalization). Company reiterated full-year CapEx guidance of ~MXN 5.5 billion with 180–220 store openings, maintaining ROI-driven expansion.
Improved Cash and Net Debt Discipline
Pre-IFRS16 total debt reached MXN 35.0 billion (+MXN 2.1bn YoY) but pre-IFRS16 net debt decreased to MXN 29.5 billion (down MXN 501 million YoY). Cash on hand was MXN 5.5 billion. Net debt/EBITDA was 2.5x and total debt/post-IFRS16 EBITDA 2.8x, supporting financial flexibility.
Store Development and Portfolio Actions
Opened 30 new stores in the quarter (20 corporate, 10 franchises). Committed to 85 remodels and 60+ openings in Mexico for the year. Completed divestment of Archie’s in Colombia and continue evaluating portfolio optimizations. Opened first Chipotle in Monterrey with encouraging early response.
Gross-Margin Tailwinds from Input Costs
Management highlighted lower USD-denominated input costs (e.g., coffee) and other procurement gains as supportive for gross margin and a source of margin stabilization into the second half.
ESG and Climate Risk Progress
Published 25th integrated annual report; completed a global climate risk assessment covering ~3,600 sites (~73% of portfolio). Fundación Alsea donated >MXN 53 million, delivered 490,000+ meals, and benefitted >16,000 people; European fundraising raised >EUR 100,000.
MX:ALSEA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed